IL lawmakers agree to form pension reform committee
Illinois lawmakers will return to Springfield Wednesday for a special session, and a conference committee is expected to be created to tackle the pension problem.
Gov. Pat Quinn, House Speaker Michael Madigan, and Senate President John Cullerton are in favor of the panel. This is a change in Madigan’s position as last Friday he downplayed the idea, raising concerns about its effectiveness. Cullerton said after the same meeting he favored the idea of such a committee.
According to Madigan’s spokesman Steve Brown, Madigan has since changed his position and is willing to help create the committee.
The committee will try to find a compromise between the differing House and Senate bills.
The panel will have five members — three Democrats and two Republicans — from both the House and Senate.
Quinn wants a deal by early next month.